How Exness Copy Trading Works

How it works: 

1. Pick a Strategy Provider: On the Exness platform, you can view a list of Strategy Providers. These are professional traders who have shared their strategies and performance data. You can filter them based on criteria such as their risk level, ROI (Return on Investment), trading style, and the type of assets they trade.
2. Follow a Provider: Once you’ve picked a Strategy Provider, you can choose how much of your funds you’d like to invest in copying their trades. Your capital is proportionally used to copy their moves.
3. Real-Time Copying: When the Strategy Provider places a trade, it’s automatically mirrored in your account in real-time. The proportion of the trade copied depends on how much capital you allocated relative to the Provider’s available capital.
4. Monitor Your Investment: While the trades are copied automatically, you can still monitor your account and make adjustments. You can stop copying a trader, change the amount allocated to them, or even follow multiple traders to diversify your risk.
5. Fees and Profits: Strategy Providers charge a fee on the profits they generate. You only pay this fee if the trades are profitable. If you don’t make a profit, neither does the provider.

Strategy Providers

These are the traders who offer their strategies to be copied. They typically have a proven track record and are transparent about their trading history. Strategy Providers set the terms, including:

• Trade Style: Whether they focus on short-term or long-term trades.
• Risk Level: Whether their trades are more aggressive or conservative.
• Performance Fee: How much they charge on profits generated.

For experienced traders, becoming a Strategy Provider is an opportunity to monetize their trading strategies by sharing their expertise with others.

Investors

Investors are individuals who follow and copy the trades of Strategy Providers. They don’t have to worry about strategy development or market analysis. Instead, they just need to allocate funds and choose who to follow.

The key benefits for investors include:

• Access to expert strategies.
• No need for extensive market knowledge.
• Control over investments: Investors can decide how much to invest and can stop copying a trader at any time.

1. Create an Account: First, sign up with Exness. If you already have an account, simply log in.
2. Browse Strategy Providers: Use the Exness platform to search for Strategy Providers based on performance metrics such as risk level, return on investment, and trade style. Look for providers who align with your risk tolerance and goals.
3. Select a Provider: Once you’ve found a provider you like, click on their profile to see their trading statistics, including profit history, maximum drawdown, and trading style. Make sure to check their risk level to ensure it matches your investment preferences.
4. Allocate Funds: Choose how much money you’d like to allocate to copy the selected provider’s trades. Your funds will be proportionally used to copy their trades. You can spread your investment across multiple traders to minimize risk.
5. Start Copying: Once you’ve allocated the funds, you’re all set. The system will copy the provider’s trades to your account in real time. You can sit back and let the system do the work.
6. Monitor Your Account: Even though trades are copied automatically, it’s still a good idea to keep an eye on your account. You can stop copying a provider at any time, change the amount invested, or switch to a new provider.

Performance Fee

This fee is charged by the Strategy Provider based on the profits they generate. The fee is typically a percentage (often between 10-30%) of the profit. For example, if you make $200 in profits and the provider’s fee is 20%, you’d pay them $40.

Spread and Other Fees

Exness doesn’t charge extra commissions for copy trading, but keep in mind that there may be spread costs (the difference between the buy and sell prices of an asset). These costs are relatively small but can add up over time.

What You Can Earn

Your profits depend on the performance of the trader you’re following. If the provider’s strategy works well and they make good trades, you could see solid returns. However, remember that past performance doesn’t guarantee future results.

Even though copy trading simplifies the process, there are still some risks involved. Here are common mistakes to avoid:

• Chasing High Returns: Traders who promise massive returns are often risky. It’s tempting to follow the highest-return providers, but this could result in substantial losses.
• Ignoring Risk Levels: Always check the risk level of your chosen provider. High returns often come with higher risks.
• Over Diversifying: While diversification is generally good, spreading yourself too thin across too many traders can reduce the effectiveness of your investment.
• Neglecting Regular Monitoring: Even though the system is automatic, it’s still important to keep an eye on your investments and make adjustments when necessary.

Tips for Maximizing Copy Trading Profits

• Busy Professionals: If you have a full-time job and limited time for research, copy trading allows you to still participate in the markets.
• Beginners: If you’re new to trading, following experienced traders helps you learn while potentially making profits.
• Passive Investors: Those who prefer passive investment strategies but still want exposure to the forex market can benefit from Exness Copy Trading.

It may not be the best option for:

• Experienced Traders: If you’re a seasoned trader, you might prefer to take control of your own trades.
• Risk-Averse Investors: If you have a very low risk tolerance, copy trading may expose you to more volatility than you’re comfortable with.

Conclusion